Springbig Holdings, a Florida-based marijuana marketing and loyalty software company, delisted from the Nasdaq stock exchange and has moved to the OTCQX, the top tier of the over-the-counter markets.
The company’s common stock and public warrants were listed under the ticker symbols SBIG and SBIGW, respectively, as of Sept. 6, according to a news release.
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Springbig was warned by the Nasdaq in January that it wasn’t in compliance with the exchange because the company’s share price was below $1.
The company wasn’t able to regain compliance by its extended deadline of May 8.
The Nasdaq warning came a month after Springbig cut almost a quarter of its workforce in a bid to regain profitability.
“We are pleased that having our stock quoted on the OTCQX® Best Market provides our investors with continuing access to a highly regarded, SEC-regulated public market,” Springbig Chief Financial Officer Paul
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